Light Industrial to rent

Property Description

Letting information:

Furnishing:

Not Specified

Full description

LOCATIONMarshall Road forms part of the Valley Road / Cot Hil location, being approximately 0.75 miles from Marsh Mills roundabout (A38 Devon Expressway) and 4 miles from Plymouth City Centre. The property therefore has excellent accessibility via the B3416 Plymouth Road to the local and regional road network. The estate comprises a mixture of distribution, car retail, trade counter and retail occupiers. Nearby occupiers include Plumb Centre, Sanderson Motorhouse and McArthur Group.

DESCRIPTIONThe property is a detached distribution warehouse originally built in the mid 1970’s and subsequently extended to the east and north, with a large front facing yard and associating parking / circulation areas. The main railway line is directly to the north.

The building is of steel frame construction with all elevations covered in PVC sheet steel cladding. The roof is covered with cement fibre sheets which have now been overclad with PVC double skin sheets. The warehouse has a solid concrete floor and the later extension is higher and therefore there is a level differential, which is overcome by metal rampsto allow forklift access. The internal eaves height is 5.64 m (18’6).

The original loading canopy from the railway was enclosed to provide more office and staff accommodation. This space has carpeted concrete floors, suspended ceilings with recessed fluorescent light fittings, ducted heating and perimeter trunking. We understand that all mains services are connected to the property.

Externally, there is a large tarmac yard to the front of the three roller shutter loading doors, a concrete surfaced area to the west side used for staff parking and a stone chipped area to the east side.

ACCOMMODATIONWe have measured the property on a gross internal basis and calculate the area to be 3,460 m2 (37,240 ft2) including 518 m2 (5,572 ft2) of rear offices.

The site area is 0.70 hectares (1.73 acres).

TERMSThe property is held on a lease which expires on 30 April 2013. The tenant is reasonable for keeping the premises in good and substantial repair. The building may be used for any light or general industrial use or as a warehouse or as a building for wholesale or retail trading purposes subject to planning. The rent passing under the lease is £122,500 per annum.

OUTGOINGSThe property is described as ‘Warehouse, Office and Premises’ with a rateable value of £117,000. The rates payable figure for 2011 / 2012 is £50,661 (ignoring any phasing provisions).

VATAll figures quoted are exclusive of VAT where applicable.

LEGAL COSTSEach party to bear their own legal costs incurred in the transaction.

VIEWINGBy appointment with the Sole Agent -Maitlands Commercial

Mark Slade 01752 661234 / mark.slade@maitlands.biz

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Property reference 100198001161.
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